@mlc3542 wrote:
Hello all,
I have 12 Synchrony accounts that have been charged off from back in 2016. All but two of them (Sams and Amazon) have been PIF (after CO). These accounts have been soft pulling me almost monthly. Sams and Amazon will be PIF in a couple of weeks. None of these accounts have been sold or transferred to collections. Two questions:
1. Any idea of why Synchrony is still soft pulling on accounts that have been CO (including those already PIF)?
2. What, if any, is the ideal time frame to attempt to get back in with Synch after these next two accounts get PIF?
These are the only things negative on my CR's.
Thanks in advance!!!
A good number of creditors definitely soft pull reports to see if debtors financial pictures have improved. That is the main reason that some people who are rebuilding their credit suddenly get hit with collections.
In your situation ( irregardless of what Synchrony would do at this time) I would concentrate on increasing scores higher at least into the 630-up range, make sure balances stay low and of course pay on time.
If you don't have an installment account getting a secured savings account like one from self-lender will add points by improving your credit mix.
Once your scores improve you could then try out some of the pre-approval sites to see where you stand, you don't want to waste hardpulls by applying for cards blindly.
Capitalone is one of the few cards I know that definitely practice forgiveness. I received 2 cards from them and still had a chargeoff that was 4 years old from them on my credit report.
Might be a good one to try down the line.
Good luck
